Vanguard Group Inc. grew its holdings in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,097,339 shares of the textile maker's stock after buying an additional 54,877 shares during the period. Vanguard Group Inc. owned 11.22% of Steven Madden worth $344,299,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of SHOO. R Squared Ltd bought a new stake in shares of Steven Madden during the 4th quarter worth $55,000. Blue Trust Inc. boosted its position in shares of Steven Madden by 20.9% in the 4th quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock worth $83,000 after purchasing an additional 339 shares in the last quarter. KBC Group NV increased its holdings in Steven Madden by 36.5% in the 4th quarter. KBC Group NV now owns 3,013 shares of the textile maker's stock worth $128,000 after buying an additional 805 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Steven Madden by 21.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock worth $176,000 after acquiring an additional 741 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its holdings in Steven Madden by 7.4% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker's stock valued at $179,000 after buying an additional 290 shares in the last quarter. 99.88% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
SHOO has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of Steven Madden from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Loop Capital reduced their price objective on Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reduced their price target on shares of Steven Madden from $44.00 to $38.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a report on Thursday, February 27th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $40.33.
Get Our Latest Stock Analysis on Steven Madden
Steven Madden Stock Performance
NASDAQ:SHOO traded up $0.45 during mid-day trading on Friday, hitting $24.10. 3,510,742 shares of the company's stock traded hands, compared to its average volume of 834,036. The company has a market capitalization of $1.74 billion, a P/E ratio of 10.26 and a beta of 0.98. The company has a fifty day moving average of $32.66 and a 200 day moving average of $40.44. Steven Madden, Ltd. has a twelve month low of $22.24 and a twelve month high of $50.01.
Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The firm had revenue of $582.32 million for the quarter, compared to analyst estimates of $550.37 million. On average, research analysts expect that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.
Steven Madden Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Monday, March 10th. Steven Madden's payout ratio is 35.74%.
About Steven Madden
(
Free Report)
Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.
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